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Vanguard lowers Admiral req's
Old 10-06-2010, 09:11 AM   #1
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Vanguard lowers Admiral req's

This just made my day!

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Effective today, Vanguard has reduced the minimum amount required to qualify for Admiral™ Shares to $10,000 for most of our broad-market index funds and $50,000 for actively managed funds, down from the previous $100,000 minimum.
https://personal.vanguard.com/us/ins...ement-10062010
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Old 10-06-2010, 09:42 AM   #2
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Thanks for sharing! Wonderful news.
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Old 10-06-2010, 09:59 AM   #3
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Darn, just bought VWIAX...
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Old 10-06-2010, 10:09 AM   #4
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Thanks for this. My mom's Vanguard IRA has several positions less than $100K but more than $10K. Time to look into this.
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Old 10-06-2010, 10:38 AM   #5
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I just noticed this bit of news this morning while cruising around vanguard.com and pondering how many more years it will take me to get to the $100,000 (or $50,000 mark for accounts over 10 years old). Worry no longer!

I recall that these conversions are non-taxable events. I certainly hope so, because I'm up for conversion on almost my entire taxable portfolio at vanguard (low six figures with some net gains in there). I wonder if we can exchange these funds today and still have it be a non-taxable transaction?
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Old 10-06-2010, 10:50 AM   #6
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Originally Posted by FUEGO View Post
I just noticed this bit of news this morning while cruising around vanguard.com and pondering how many more years it will take me to get to the $100,000 (or $50,000 mark for accounts over 10 years old). Worry no longer!

I recall that these conversions are non-taxable events. I certainly hope so, because I'm up for conversion on almost my entire taxable portfolio at vanguard (low six figures with some net gains in there). I wonder if we can exchange these funds today and still have it be a non-taxable transaction?
The conversions are non-taxable. To convert today, sign in to your account, click on "accounts and activity" and click on the "convert to admiral shares" link at the top of the page.
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Old 10-06-2010, 10:53 AM   #7
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So you don't have to wait for VG to do the conversion automatically?
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Old 10-06-2010, 10:56 AM   #8
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I went out and converted several funds in various accounts. It's quick and easy.
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Old 10-06-2010, 10:57 AM   #9
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So you don't have to wait for VG to do the conversion automatically?
You can wait for VG to do the conversion automatically, but it might be a while before the conversion occurs on its own. Or you can direct VG to convert right now if you wish. I just converted several funds. Quick and easy.
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Old 10-06-2010, 11:00 AM   #10
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The conversions are non-taxable. To convert today, sign in to your account, click on "accounts and activity" and click on the "convert to admiral shares" link at the top of the page.
Thanks a million (er, 10 basis points to be exact)!

Took 2 minutes.

I also just realized the small cap value fund does not have admiral share class available.
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Old 10-06-2010, 11:01 AM   #11
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Hah! That just popped four of mine into admiral share status. Nice.
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Old 10-06-2010, 11:04 AM   #12
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Anyone know what happens if you own Vanguard mutual funds in another brokerage account? Will they still switch automatically?
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Old 10-06-2010, 11:18 AM   #13
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To convert today, sign in to your account, click on "accounts and activity" and click on the "convert to admiral shares" link at the top of the page.
Done!
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Old 10-06-2010, 11:42 AM   #14
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Quote:
Originally Posted by FD View Post
The conversions are non-taxable. To convert today, sign in to your account, click on "accounts and activity" and click on the "convert to admiral shares" link at the top of the page.
Thanks -- just did it.
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Old 10-06-2010, 11:45 AM   #15
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Done... except for one which I got a messge that I have to many account... what

Will have to try again later or give them a call...
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Old 10-06-2010, 12:18 PM   #16
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This is great info, thank so much for posting it. I just converted a few funds. What an easy way to save some money.
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Old 10-06-2010, 12:33 PM   #17
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psst... my mom's Wellesley shares are now Admiral shares.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 10-06-2010, 12:54 PM   #18
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Any thoughts on Vanguard's rationale for the change?
- Re-affirm their position as the low-cost provider of MFs (against increasing competition from FIDOs Spartan funds)?
- Take advantage of the recent highlighting of the issue of ETF liquididty during the "flash crash"? Some cost-conscious investors are now concerned and realize ETFs may not behave the same as MF's do in a crisis. If VGD can cut the ERs of MF's to make them comparable to ETFs, they may be able to gain some business.
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Old 10-06-2010, 12:56 PM   #19
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All I know is that Vanguard, Fidelity and Schwab keep taking turns trying to one-up each other in terms of lowering commissions, fees, expenses and minimum investment requirements -- so investors are winning.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 10-06-2010, 01:11 PM   #20
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Nice deal, I was able to convert 2 of mine.
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